What is PM Jeevan Jyoti?
PM Jeevan Jyoti Bima Yojana (PMJJBY) is a government-backed renewable term life insurance scheme that offers Rs.2 lakh death cover for any cause at just Rs.436 per year. The premium is automatically debited from the subscriber's savings bank account every year between 25 May and 31 May. Launched in 2015 under Pradhan Mantri Jan Suraksha Yojana, the scheme is available to all bank account holders aged 18 to 50 years and is administered through partner public and private sector banks.
PM Jeevan Jyoti — Quick Overview
| Scheme Name | PM Jeevan Jyoti Bima Yojana 2026 — Rs.2 Lakh Life Insurance at Rs.436/Year |
| Launched By | Government of India |
| Launch Year | 2015 |
| Benefit | Rs.2 lakh life insurance cover for only Rs.436/year |
| Category | Finance |
| Last Verified | 21 June 2026 |
| Official Portal | https://jansuraksha.gov.in |
Benefits of PM Jeevan Jyoti
Rs.2 lakh life insurance cover for only Rs.436/year
Who is Eligible for PM Jeevan Jyoti?
- ✓Age 18 to 50 years
- ✓Active savings bank or post office account
- ✓Consent for auto-debit
Documents Required for PM Jeevan Jyoti
How to Apply for PM Jeevan Jyoti Online?
- 1Approach your bank branch (or post office) where you hold a savings account, since PMJJBY enrolls through partner banks.
- 2Fill the PMJJBY consent-cum-declaration form, available at jansuraksha.gov.in or directly from your bank.
- 3Submit your Aadhaar Card as identity proof, linked to the savings bank account used for enrollment.
- 4Give the bank written consent for auto-debit of the Rs.436 annual premium.
- 5Ensure enrollment is completed before 31 May, since the premium auto-debits between 25 May and 31 May each year.
- 6Keep sufficient balance in the account every May so the auto-debit succeeds and cover stays active.
- 7On the subscriber's death, the nominee receives the Rs.2 lakh payout through the enrolled bank — no separate claim portal needed.
Official Government Portal
Submit your application yourself on jansuraksha.gov.in; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
🔗Apply on jansuraksha.gov.inApply Together — Scheme Bundles
These schemes complement PM Jeevan Jyoti. Apply for all of them together to maximise your benefits.
Financial Safety Net Bundle
Zero-balance account + accident cover + life insurance for under ₹500/year
Real-Life Examples — Are You Eligible for PM Jeevan Jyoti?
Match your own situation against these sample PM Jeevan Jyoti applicants:
Suresh, a 34-year-old shopkeeper with an active SBI savings account who consents to auto-debit of Rs.436 between 25-31 May
Eligible — he falls in the 18-50 age band, has an active savings bank account, and has given auto-debit consent — meeting all three eligibility criteria
Lata, a 49-year-old homemaker enrolling through her PNB net banking with her Aadhaar-linked savings account
Eligible — she is within the 18-50 enrollment age, holds an active savings bank account, and is enrolling via her bank — fully eligible
Karthik, a 22-year-old new graduate with a post office savings account who agrees to the annual Rs.436 auto-debit
Eligible — the scheme accepts active savings bank or post office account holders aged 18-50 with auto-debit consent
Ramesh, a 52-year-old trying to enroll for the first time through his bank in May
Not eligible — fresh enrollment is not allowed after age 50 — the upper age limit at the time of enrollment is 50 years
Meena, a 28-year-old college student with no operative savings bank or post office account
Not eligible — an active savings bank or post office account is mandatory because the Rs.436 premium is auto-debited from that account
Anita, a 40-year-old who already holds a PMJJBY policy through her SBI account and now wants to enroll again via her HDFC account
Not eligible — a person can only be insured under PMJJBY through one bank account — a duplicate second enrollment leads to the excess premium being forfeited
Every case differs — confirm your eligibility on the official portal first.
Common Mistakes — Why PM Jeevan Jyoti Applications Get Rejected
- ✗Trying to enroll after turning 50 — fresh enrollment is only allowed up to age 50, even though existing cover can continue till 55.
- ✗Enrolling through two different bank accounts thinking it doubles the cover — only one account is insured and the duplicate premium is forfeited.
- ✗Not keeping enough balance in the savings account between 25-31 May, causing the auto-debit to fail and the policy to lapse for the year.
- ✗Nominees delaying the claim or submitting it without the death certificate, Aadhaar of the deceased and nominee's bank details — this stalls the 30-day settlement.
- ✗Confusing PMJJBY (life cover for any cause) with a regular term insurance plan and expecting maturity benefits — it is a pure renewable term cover with no return on premium.
- ✗Not updating or registering a nominee at the bank, which complicates the Rs.2 lakh claim payout after death.
Insider Tips for PM Jeevan Jyoti
- →Ensure your savings account has more than Rs.436 between 25 May and 31 May every year, since the premium auto-debits in that window and a failed debit lapses the cover.
- →Enroll quickly through your bank's net banking or mobile app instead of visiting the branch — most public and private sector banks like SBI and PNB allow PMJJBY enrollment in a few clicks.
- →Pair PMJJBY (Rs.2 lakh life cover) with PMSBY accident cover under the broader Pradhan Mantri Jan Suraksha Yojana umbrella via jansuraksha.gov.in for layered low-cost protection.
- →If your policy lapses due to insufficient balance, you can reinstate it within the same year by paying the premium once the balance is restored — do not wait till next May.
- →Keep your nominee details updated at the bank and tell them which bank holds the PMJJBY policy, so the Rs.2 lakh claim can be filed within 30 days of death without confusion.